What is a good FICO ® score?

FICO® score ranges vary — either from 300 to 850 or 250 to 900, depending on the scoring model. The higher the score, the better your credit. Let’s take a deeper look at FICO ® score ranges, what’s considered to be a good FICO ® score, and how to improve your credit if your scores fall on the lower end of the scoring spectrum. How’s your credit?

What is a FICO credit score?

FICO credit scores range from 300 to 850. By using FICO scores, lenders can quickly assess a consumer’s creditworthiness without poring over their entire credit profile. For that reason, everyone from credit card issuers and insurance companies, to mortgage lenders and property managers use FICO scores. How Are Credit Scores Calculated?

What are the different types of FICO® credit scoring models?

Generally, the two types of FICO® credit-scoring models are described as either base scores or industry-specific scores, and the score ranges differ slightly for each. The base FICO® scores range from 300 to 850, as follows: The latest FICO® base scoring model is FICO® Score 9.